IslamicFinance.de

Daman Islamic Insurance Company’s net profit crossed QR40m for the first nine months of 2013. The figure reflects a 111 percent increase compared to the same period in 2012. Announcing the financial results, Daman Islamic Insurance Company Chairman Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani said the returns from the investments increased by 160 percent on year-on-year basis. Sheikh Jassim attributed the company’s strong performance during the period to the diverse insurance products available in the market. The opening of new branches also supported the growth, he said.